Retail Sales and Supply Chain Stress Monitor - 2025-09-15
Date:
Tuesday, September 16, 2025
Summary:
Retail sales, with and without autos, punch out aggressively to new highs. Inventory/sales ratios remain lean. This contradicts the bad labor market data of the last several months as the FOMC starts its two-day meeting (with Stephen Miran and Lisa Cook). At the same time, supply chains show no statistical evidence of difficulties in the face of tariffs.